Will Canny

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Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a contract reporter at CoinDesk.

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Singapore (Unsplash)
Crypto Financial Services Firm Eqonex Files for Voluntary Debt Restructuring in Singapore
The company said it has been in talks with existing lender Bifinity and other potential investors to raise capital, but has not been successful.
Singapore (Unsplash)
Grayscale CEO Michael Sonnenshein (CoinDesk)
Bernstein Says Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global
If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.
Grayscale CEO Michael Sonnenshein (CoinDesk)
Bank of America has downgraded its rating on crypto exchange Coinbase's stock to neutral from buy. (Unsplash)
Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath
The bank had rated the shares at buy. It cut its price target to $50 from $77.
Bank of America has downgraded its rating on crypto exchange Coinbase's stock to neutral from buy. (Unsplash)
(Shutterstock)
BofA: Don’t Tarnish Blockchain Technology With Speculative Crypto Trading
The development of applications leveraging distributed ledger and blockchain technology continues to advance, the bank's report said.
(Shutterstock)
Merkle trees provide proof of reserves, but that may not be enough, Bank of America said. (Pixabay)
Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings
The cryptocurrency industry also needs a clear delineation between trading platforms and market makers, the bank said.
Merkle trees provide proof of reserves, but that may not be enough, Bank of America said. (Pixabay)
Stablecoin flows are a signal for the wider crypto market. (Shutterstock)
JPMorgan: The Shrinking Stablecoin Market Is Another Sign of Investors’ Exodus From Crypto
It’s difficult to see a sustained recovery in crypto prices without stablecoin outflows stopping, the report said.
Stablecoin flows are a signal for the wider crypto market. (Shutterstock)
FTX's collapse could extend the crypto winter until the end of next year. (Timothy Eberly/Unsplash)
Coinbase: FTX’s Collapse Will Likely Lead to an Extended Crypto Winter
Poor liquidity in cryptocurrency markets could last until at least the end of the year and the crypto winter until end-2023, the exchange said.
FTX's collapse could extend the crypto winter until the end of next year. (Timothy Eberly/Unsplash)
Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)
Bernstein: The Collapse of Crypto Exchange FTX More Like Enron Than Lehman
The broker sees a significant liquidity impact on the crypto market in coming weeks, which will hurt the smaller tokens.
Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)
AltLayer aims to offer roll-ups-as-a-service for Web3. (Unsplash modified by CoinDesk)
Blockchain Company AltLayer Appoints Amrit Kumar as COO
AltLayer is a layer 2 scalability product built on the Ethereum blockchain.
AltLayer aims to offer roll-ups-as-a-service for Web3. (Unsplash modified by CoinDesk)
PowerTrade is working with Copper to offer custody services to institutional clients. (Getty Images)
Crypto Exchange PowerTrade to Offer Custody Services to Institutional Clients
The firm is using technology from Copper, a crypto custody outfit, to hold digital assets outside of its exchange.
PowerTrade is working with Copper to offer custody services to institutional clients. (Getty Images)